Short Interest in InfraCap REIT Preferred ETF (NYSEARCA:PFFR) Increases By 173.1%

InfraCap REIT Preferred ETF (NYSEARCA:PFFR) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 17,319 shares, an increase of 173.1% from the August 15th total of 6,342 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 26,579 shares, the short-interest ratio is presently 0.7 days.

Hedge Funds Weigh In On InfraCap REIT Preferred ETF

An institutional investor recently raised its stake in InfraCap REIT Preferred ETF stock. Janney Montgomery Scott LLC increased its position in InfraCap REIT Preferred ETF (NYSEARCA:PFFR) by 4.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 44,840 shares of the company’s stock after acquiring an additional 2,033 shares during the period. Janney Montgomery Scott LLC owned about 0.76% of InfraCap REIT Preferred ETF worth $808,000 at the end of the most recent reporting period.

InfraCap REIT Preferred ETF Stock Performance

NYSEARCA:PFFR opened at $17.22 on Friday. InfraCap REIT Preferred ETF has a fifty-two week low of $17.05 and a fifty-two week high of $19.27. The firm has a 50-day simple moving average of $17.58 and a two-hundred day simple moving average of $17.63.

About InfraCap REIT Preferred ETF

The InfraCap REIT Preferred ETF (PFFR) is an exchange-traded fund that is based on the Indxx REIT Preferred Stock index, a modified market-cap-weighted index of US-listed preferred securities issued by real estate investment trusts (REITs). PFFR was launched on Feb 7, 2017 and is managed by InfraCap.